The week 05.10. – 09.10.2020

Previous week‘s price development clearly shows how dependent markets have become on politics. Especially in the final phase of the election campaign, the market’s attention is focused on political actors. On Tuesday, the president rejected the proposal for aid, as a result of which the S&P500 lost about 1.50% of its value. The next day the President announced that he wishes to inject even more money into the economy. As a result, the S&P 500 rose for three days. The chart shows a consistently positive picture this week. The indices are all in a positive field and so we closed the week with a positive tone across the board.